Czech inflation slows in September
The Czech Republicʼs consumer price inflation slowed in September, data from the Czech Statistical Office (CZSO) shows.
The consumer price index (CPI) climbed 2.7% year-on-year in September, after a 2.9% rise in August. Economists had expected prices to rise again by 2.9%.
Prices of housing, water, fuel and energy grew by 5%, while those of restaurants and hotels rose by 4.8%, and education by 3.8%.
On a monthly basis, consumer prices declined 0.6% in September, which was the biggest drop since September 2006, the CZSO said.
Another report from the Prague-based statistical office showed that import prices fell 1.1% annually in August, following a 1.7% decline in the previous month.
On a monthly basis, import prices gained 0.5%. Export prices rose 0.6% on the month, taking annual growth to 0.4% in August.
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